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Question 4 Application of Adjust the accounts, construct the financial statements Consider the unadjusted trial balance of Wow, Inc., July 31, 2034, and the related month and adjustment data. Trade Debit Credit 4.500 Adjust De Adjusted that T Debih Credit Credit 2.100 90.000 3.000 1200 WOK, Inc. Tral Batalie Worksheet 1 31, 2014 2 AN 4 5 Account Present Rome 9. Adriation 10 Account 11 12 Code 13 Retained camins 10 15 Seice 16. Say 17 Pepe Inese 19 D 20 21 14 22 14.000 17.700 DES Adjustment data at July 31, 2014 a. Accrued service revenue at May 11, $7.950. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $3,000 relates to the period July 1, 2014, through September 30, 2014 Supplies ied during Juv. 51.630 d. Depreciation on furniture for the month. The estimated useful life of the furniture is five years. Accrued salary expense at dy 31 for Monday, Tuesday, and Wednesday. The five-day weekly payroll of $15,000 will be paid on Friday. Requirements 1. Using Exhibit as an example, prepare the adjusted trw balance of Wow, Inc., at uly 31, 2016 Key each adjusting entry by letter 2. Prepare the single step monthly income statement, the statement of retained earnings and the classified balance sheet. Draw arrows linking the three statements Question 4 Application of Adjust the accounts, construct the financial statements Consider the unadjusted trial balance of Wow, Inc., July 31, 2034, and the related month and adjustment data. Trade Debit Credit 4.500 Adjust De Adjusted that T Debih Credit Credit 2.100 90.000 3.000 1200 WOK, Inc. Tral Batalie Worksheet 1 31, 2014 2 AN 4 5 Account Present Rome 9. Adriation 10 Account 11 12 Code 13 Retained camins 10 15 Seice 16. Say 17 Pepe Inese 19 D 20 21 14 22 14.000 17.700 DES Adjustment data at July 31, 2014 a. Accrued service revenue at May 11, $7.950. b. Prepaid rent expired during the month. The unadjusted prepaid balance of $3,000 relates to the period July 1, 2014, through September 30, 2014 Supplies ied during Juv. 51.630 d. Depreciation on furniture for the month. The estimated useful life of the furniture is five years. Accrued salary expense at dy 31 for Monday, Tuesday, and Wednesday. The five-day weekly payroll of $15,000 will be paid on Friday. Requirements 1. Using Exhibit as an example, prepare the adjusted trw balance of Wow, Inc., at uly 31, 2016 Key each adjusting entry by letter 2. Prepare the single step monthly income statement, the statement of retained earnings and the classified balance sheet. Draw arrows linking the three statements